Killing Healthcare - Around The World Edition
Over at Glenn Reynolds' place, he's talking about the news that Premier Danny Williams of Canada is visiting the U.S. for the purpose of having heart surgery. One of Glenn's Canadian readers writes:
I’m a Canadian in Australia, and a great fan of your blog.
The premier heading south is not new. The Canadian political elite has long headed to the US for medical services while – with straight faces – extolling the virtues of socialized medicine for everyone else. And US hospitals are always used to back up a system in Canada that can’t meet demand.
It prompts the question: If the US adopts Obamacare, how will the Canadian health care system survive?
Given that the U.S. currently produces a disproportionate number of medical innovations and given that the proposed health care "reforms" currently in Congress will kill those innovations, it isn't just our friends to the north that will suffer if those reforms get passed. It will be the whole world.
One of the more frustrating aspects of watching the health care reform debates is seeing that none of the Democrats and damned few Republicans seem to recognize that a very large part of the health care cost problem is that the rest of the world isn't paying its fair share of the research and development costs of new medical technologies, pharmaceuticals, etc. Profit is a good thing. Sadly, education regarding economics has fallen into disrepute.
by Dann
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